Whirlpool Sinks 9% to 52-Week Low as Q3 Loss and Guidance Cut Hit Home
WHR is trading near its 52-week low of $25.73 (5.5% below the low) on elevated volume (3.4× avg).
Summary
Whirlpool shares dropped 9.04% to $24.06 in premarket trading, a new 52-week low, after the company reported an adjusted loss of 21 cents per share against consensus expectations of 80 cents in earnings. Revenue fell 8.8% to $3.677 billion, missing the $3.920 billion consensus, with organic sales down 5.4%. The company cut its full-year 2026 outlook to a loss of $1.30 per share from prior guidance of $2.50 to $3, and reduced its sales forecast to $14.5 billion from $15 billion. Management is leaning on price increases — 7% in North America and up to 10% in Latin America in the fourth quarter — plus cost cuts, and lowered its year-end net debt forecast to under $4.5 billion from under $5 billion. The stock is now trading below its prior 52-week low of $25.73, reflecting how far sentiment has deteriorated since the dividend suspension and $2 billion bond issuance earlier this year.
At the time of this announcement, WHR was trading at $24.31 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $25.73 to $94.82. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.